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finopaytech.com

Stage

Unattributed | Alive

Total Raised

$59.32M

Last Raised

$21.77M | 5 yrs ago

About FINO PayTech

FINO PayTech is a payments technology solutions provider to banks, financial institutions and MFIs. Together with its extensive service delivery network, FINO facilitates access to financial services to the unbanked and un-served segments of the population. It services over 28 million active banking customers spread across urban and rural areas in the country providing a range of financial services viz savings, remittance, insurance, credit etc. It is one of the recipients of in-principle approval from RBI to start a payments bank.

FINO PayTech Headquarter Location

Shree Sawan Knowledge Park Plot No. D-507, Second Floor, MIDC Turbhe, Navi

Mumbai, 400705,

India

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Expert Collections containing FINO PayTech

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

FINO PayTech is included in 2 Expert Collections, including Fintech.

F

Fintech

3,403 items

P

Payments

199 items

Latest FINO PayTech News

Fino Payments Bank promoters vote against reappointing chairman, others

May 2, 2022

Fino Payments Bank promoters vote against reappointing chairman, others In a surprise move, the promoters of Fino Payments Bank, Fino Paytech Ltd, have voted against the reappointment of its current chairman, Mahendra Kumar Chouhan, and independent director Punita Sinha in a shareholder meeting. Fino Paytech, which is the holding company of the bank owning around 75 per cent stake, has investors like insurance behemoth Life Insurance Corporation of India, ICICI Bank, ICICI Lombard, Corporation Bank, Union Bank, The Blackstone Group, Indian Bank, and others. The resolution to reappoint Chouhan and Sinha was voted down by 80 per cent of shareholders, which included 100 per cent of the promoter group. In the shareholders’ meeting, the promoter has also voted against the increase in the authorised share capital of the bank and the alteration of the capital clause of the memorandum of association of the bank. It also voted against an amendment proposal to the employee stock options policy. Fino Payments Bank in a statement said, “We at Fino Payments Bank would like to place on record the significant contribution made by our outgoing independent directors over the past five years. Their term has come to an end, we will miss their strategic steer”. “Further as a listed entity, their extension was approved by the bank’s board and we have followed the due process and all the relevant information is in the public domain and has been communicated to the regulator and the exchanges”. Both Chouhan and Sinha have been on the bank’s board since 2017. Chouhan sits on the boards of a couple of other companies as an Independent Director. Sinha too has served on the boards of many companies. Fino Payments Bank started operations in 2017 after it was granted a license by the Reserve Bank of India in 2015. Shares of the bank were trading 2.28 per cent lower on the BSE at Rs 291.60 on Monday.

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  • Where is FINO PayTech's headquarters?

    FINO PayTech's headquarters is located at Shree Sawan Knowledge Park, Mumbai.

  • What is FINO PayTech's latest funding round?

    FINO PayTech's latest funding round is Unattributed.

  • How much did FINO PayTech raise?

    FINO PayTech raised a total of $59.32M.

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